Bank account validation delivered with critical insights
Validate bank accounts and reveal critical insights on account stability, payment performance, and returns for increased assurance
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Ensuring compliance with Nacha’s WEB debit account validation rule is essential for mitigating risk and detecting potential fraud. A robust account validation solution is crucial for adhering to regulations, providing a seamless customer experience, and reducing payment issues or returns.
vAccount + expands on our real-time bank account validation service, to reveal additional critical insights.
By unlocking additional data, vAccount + provides you additional attributes and data sources for increased coverage as well as a deeper understanding of transaction patterns, account stability and payment performance.
Utilizing our robust network of bank account and payment information, vAccount + offers:
- Reduced risk of ACH return codes
- Better predict risk of first payment defaults (FPDs)
- Transact with greater confidence
vAccount +
vAccount + expands our account validation capabilities to reveal critical insights into:
- Rank order risk with Account Validation codes
- Bank account insights - longevity, recency, payment performance, and account association
- Financial institution insights - funds status, transfer status, ACH capability and more
The Value for your business
Low Friction Solution
Quickly verify bank accounts prior to onboarding or making transactions.
Detect Fraud
Identify fraudulent accounts and reduce risk of payment failures and ACH returns.
Increased Confidence in Transactions
Additional insights to enhance account validation.
Related resources
Related products
vAccount
Proprietary bank account validation solution to confirm a bank account is valid, open and ACH capable to ensure Nacha WEB debit compliance.
vConnect
Pair with vInsights for an intuitive user login experience and consolidate vendors.
Frequently asked questions
vAccount is a bank account verification solution that leverages ValidiFI’s proprietary data to check bank account status. Confirm if an account is open, valid, and ACH capable prior to sending deposits.
vAccount + layers in additional data elements for increased confidence in account verification.
As a bank account verification solution, bank account and routing number are required fields.
vAccount + validates a bank account to confirm it is open, valid, and ACH capable in order to identify risk and specific return codes.
Organizations leverage vAccount + to reduce failed transactions and costly fees, ultimately improving the customer experience.
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